Weiming Penguin Acquires ERP Firm Youdu to Expand Product Portfolio and Empower Upstream and Downstream Partners

VCBeat (WeChat ID: vcbeat) has learned that internet pharmaceutical company Unnamed Penguin has fully acquired Jinan Youdu Software Technology Co., Ltd. According to business registration records, the acquisition’s industrial and commercial change registration was completed in mid-2017.

Youdu offers a comprehensive suite of ERP tools and corresponding interfaces for pharmaceutical wholesalers, pharmacies, clinics, pharmaceutical manufacturers, and hospitals. Having accumulated an extensive base of upstream and downstream clients, the company has established a strong reputation within the industry.

The founding team of Uduo Company has focused on the ERP sector within the pharmaceutical industry, boasting over fifteen years of R&D and application experience. They have independently developed an innovative underlying platform architecture for secondary ERP development. It is this forward-thinking design paradigm that highlights the three distinctive features of Uduo’s ERP products:

• Highly aligned with senior management’s strategic vision, offering robust control capabilities and serving as an indispensable aid to management;

• Strong cross-departmental collaboration, high autonomy and flexibility, timely synchronization and aggregation of information, and multi-dimensional data visualization and reporting support business development and unlock team potential;

• No programming required: customers can independently perform secondary configurations; administrators enjoy easy maintenance and scalability. The system adapts to business changes in real time, empowering everyone to become a programmer.。

Zou Xiaoliang, founder of Unnamed Penguin, stated that Li Zhenxing, founder of Youdu, has been deeply engaged in the pharmaceutical ERP sector for decades, demonstrating outstanding industry innovation and acumen. This collaboration will introduce a series of ERP products into Unnamed Penguin’s product matrix, completing an end-to-end product layout that extends from a trading platform to inventory, sales, and procurement management ERP systems. This move aims to better serve the pharmaceutical industry chain and empower clients across the upstream and downstream sectors.

Unnamed Penguin was established in November 2015. It is a technology company specializing in the “Internet + Healthcare” sector, with its core team comprising former Tencent employees alongside healthcare industry professionals.

Leveraging its robust product technology capabilities and extensive internet operations experience, Unnamed Penguin was recognized as a “Zhongguancun High-Tech Enterprise” in July 2017 and as a “National High-Tech Enterprise” in December 2017. Within two years of its establishment, the company secured three rounds of financing totaling hundreds of millions of yuan, led respectively by Matrix Partners China, Chengwei Capital, and Hongshi Venture Capital.